Economic theory suggests that the standard of living of American workers would rise if
A) the minimum wage were doubled.
B) the knowledge and skills of workers improved.
C) older workers were forced to retire earlier, opening up jobs for younger workers.
D) technological setbacks lowered output per worker hour, increasing the number of jobs.
Correct Answer:
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Q29: Technological progress generally has the effect of
A)
Q30: Suppose technological improvements reduced the cost of
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Q33: Economic theory suggests that the standard of
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Q36: Which of the following best explains why
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